MISAMIS ORIENTAL I RURAL ELECTRIC SERVICE COOPERATIVE, INC.
Laguindingan, Misamis Oriental
Qualifications:
Applicants having a Bachelor’s Degree from accredited schools / universities in any of the following fields: Engineering (preferably Electrical, Mechanical and Electronics and Communications Engineer).
Business Administration / Finance Management
Accountancy
Behavioral Science
Juris Doctor / Law Degree
a. Completion of Post-Graduate Degree or its equivalent or with Master’s Degree is preferable.
b. At Least five (5) years supervisory experience who must be willing to relocate with his / her family to the EC Franchise area and must be readily and immediately accessible to the EC headquarters site.
Starting Salary: P150,000.00
Application forms and additional information may be obtained from the Institutional Development Department (IDD), 6th Floor, NEA Building, NIA Road, Government Center, Diliman, Quezon City. Deadline for submission of application is on 09 July 2024.
• Provide the Cooperative with a study on the adequate revenue requirement for the Cooperative’s financial viability by engaging added services and other revenue, and marketing activities during the IMEM, WESM, open access, and Retail Electricity Supply.
• Develops retail electric rates to meet utility revenue requirements, and prepares utility rate analyses, forecasts and technical cost of service studies for review by the Management.
TASKS AND RESPONSIBILITIES
• Conducts complex and specialized rate design studies including cost-of-service, rate of return on investment, and tariff structure equity.
• Develops and recommends proposed rate changes to the Manager to endure a favorable financial position for electric rates; assists in the preparation of written technical reports on rate changes of electricity upon approval by ERC, implements rate and regulation changes.
• Ensures that rate design policies are consistent with sound business, financial and economic principles and follow ERC orders.
• Provide technical rate-making assistance to the Energy Trading Supervisor.
• Conduct study to ensure true cost recovery
• Assists in the preparation of the utilities annual budget, develops sales and revenue forecasts on electricity.
• Assists in planning and conducting cost-effective studies of innovative rate designs such as time-of-use rates, and wheeling rates.
• Assists in the preparation of data and testimony for the presentation of important issues as well as rate changes to the ERC
• Monitors rate and regulatory rulings of regulatory agencies, and informs the Management on trends in “changes in the art of ratemaking” and legislation that affects operations
• Participates and works with other government agencies and EC’s or organizations on technical studies to achieve goals of mutual benefits and needs.
• Participates in developing and administering rate contracts with customers as needed.
• Develops rates on other revenue requirement.
• Prepares rate analyses, forecasts and technical cost of service traded during the IMEM, WESM or open access.
• Performs related duties and responsibilities as required.
QUALIFICATIONS AND COMPETENCY REQUIREMENTS
• Graduate of Statistics, Economics or any Business related course.
• At least 2 years of relevant experience .
• Preferably with a background on the electric power industry and knowledge of policies and regulations applicable to ECs and the industry.
• Resident within the franchise area.
COMPETENCY REQUIREMENTS
• Ability to work independently on diverse projects
• Ability to make sound decisions in a manner consistent with the essentials of the job
• Must be proficient in written and oral communication skills and adept in business correspondence.
• Good interpersonal skills and team-player.
• Shares the vision and mission of the cooperative, and demonstrates behavior consistent with the cooperative’s core values.
For interested applicants:
Please send your application letter, Resume, and Transcript of Records to
Join the MORESCO-1 Team. Create your future here and make a difference.
HIGH SALARY and Good Benefit Package
Free Shuttle Service and Good Quality Work Life
Great Training Platform and Opportunities
JOB OBJECTIVE
Ensures that financial representations of MORESCO-1 are timely and properly evaluated, as required by the audit program, as to its accuracy, reasonability, and compliance with regulatory standards.
TASKS AND RESPONSIBILITIES
Ensures that the cooperative’s representations relating to financials are accurate, timely, and duly authorized.
Ensures that the cooperative’s operations relating to financials are transacted in compliance with sufficient and adequate controls.
Assists in the design of the Annual Audit Plan relating to financials.
Responsible for the implementation of the annual audit plan relating to financial representations and compliance audit engagements to ensure that the department’s targets are achieved as planned.
Responsible for the quality and effectiveness of every financial audit engagement.
Prepares audit reports for submission to the Internal Audit Manager and copies provided to process owners.
Evaluates accuracy, completeness, and existence of financial representations (MFSR) which includes, but not limited to:
Income Statement;
Balance Sheet;
Cash Flow Statements.
Prepares financial variance analyses and submit recommendations.
Witnesses in the conduct of physical inventory of materials and supplies, special equipment, office furniture and equipment tools.
Assists external auditors on financial auditing.
Conducts periodic review of procedural compliance through Internal Control Questionnaire which includes, but is not limited to:
Cash Management;
A/R and A/P Management
Assumes other responsibilities that may be assigned from time to time.
QUALIFICATIONS AND COMPETENCY REQUIREMENTS
Graduate of BS Accountancy, preferably Certified Public Accountant
At least three (3) year of experience in financial accounting and/or auditing.
With excellent written communication skills, particularly formal financial report writing
Demonstrates a high standard of professionalism and objectivity
Excellent interpersonal skills
Computer literate, adept in the use of the cooperative’s information system
Demonstrates disciplined and organized work habits
Shares the vision and mission of the cooperative, and demonstrates
Behavior consistent with the cooperative core values.
Resident within the franchise area
For interested applicants:
Please send your application letter, Resume, and Transcript of Records to
THE HR Manager, Moresco-1 Headquarters, Laguindingan, Misamis Oriental or email thru
